STUDENT LOANS

                            HARDSHIP

Student loans are no longer dischargable, except for "hardship".
"Hardship" is very narrowly defined. For example, all persons filing
bankruptcy are experiencing financial hardship. The issue is whether
there is a never-ending (no hope in the future) hardship, such as a
medical disability.

If possible, do not default on your student loans. The amount that a
collection agency can collect includes large collection fees and your
interest rate may be increased substantially. One Alaska case
indicates that the local student loan authorities can take your driver's
license away if they have attempted to enter into payment
arrangements with you without success.

Seek advice and do not go into default if at all possible!!
                                TAXES

Despite information to the contrary, some taxes may be eliminated in
a bankruptcy. However, this is a very sophisticated area.
YOU MUST
CONSULT WITH AN ATTORNEY TO DETERMINE WHETHER
YOU HAVE TAXES THAT ARE DISCHARGABLE
, or whether you
may be eligible to file a 3 - 5 year bankruptcy, in which you may
eliminate further interest and penalties.

DO NOT ATTEMPT TO FIGURE OUT WHETHER YOUR TAXES
MAY BE DISCHARGED BY YOURSELF, WITH A PARALEGAL,
OR WITH AN ATTORNEY OVER THE TELEPHONE!
LAW OFFICES OF JENNIFER L. HOLLAND